134 karma · joined October 19, 2011
Also, the sitting customers can be segmented as well: most of them will sit down for 15-30 minutes and leave, but there are some who will stay longer. It would be difficult for someway staying 4 hours to spend as much as 8 people staying 30 minutes each, so that's why djt talks about the need to turn over tables.
I think that if the content is relevant then there's nothing wrong with self-promotion. I looked at the comment history and he linked to tldr in 7/10 of his last comments over the last week. That doesn't seem excessively repetitive, although a disclosure might be appropriate.
Of course you could just stop paying rent and your tenancy will be terminated much faster and you won't have to go through the hassle of finding someone to sublet.
Edit: The above applies in the case of legitimate sublet request - a two week AirBNB guest wouldn't count.
An interesting thing about FMCG companies and profitability:
BigCo selling a bar of soap for $4 has a similar contribution margin to GenericCo selling a bar of soap for $1. Why? BigCo has larger overheads (i.e., they have to promote and advertise, do consumer research, etc.). In fact, BigCos don't make much profit from categories like soap and laundry powder, but they need them to cover overheads.
I guess it could work if you abstracted it enough so that it's not apparent to the worker, but it wouldn't be trivial to execute. Using VAs on Odesk might work better.
In fact, charging money might make it all the more insulting if/when a company later does something to piss off its developer community.
Platform integration is a risk, but I think it's better to take that risk than not pursue an idea because some day the platform will cut you off from the API.
It's basically an affiliate business model: you get 5-10% of the cost from the doctor, hotel, and airline (depending on your negotiation skills). $500K revenue means $25-50K in true gross revenue for the company. Their net profit is $3-5K on that revenue, depending on how efficient they are.
I put my business on the back burner for 2 reasons:
1) 5-10% of the cost of the package is your true revenue before overheads, so the it's not very profitable once you consider your expenses. 2) It's a high touch customer service experience, so you can't scale it profitably (people will not buy an operation via e-commerce like they would an e-book: there's a lot of personalized contact and questions, examination of records, etc.).
I agree that $750k to go head-to-head against DB would be futile.
I find that for some classification tasks my rejection rate is around a third (this includes careless/sloppy answers, so the rejection rate of honest answers is lower).
Even though there is always a right answer, some answers are almost correct, but they get rejected and the worker's stats are affected.
That way you're not rejecting the workers who are making an honest effort, but the better performers are being paid accordingly.
Also interesting is the effect of demographics on technological development. For example, one of the factors driving robotics technology in Japan is probably the size of their aging population and the need to take care of them. Another case of 'necessity is the mother of invention'?
Making a missed call would just not occur to me, but when I moved to Lithuania for a few years it became a habit because that's what everyone does over there (and in other places where there is a missed call culture and people have several cell phones to take advantage of cheap/free calling plans within a given carrier network). It's faster by a few seconds than sending a text or calling the person and telling them.
Once you're in the missed call mindset, you see all kinds of situations where you can use it, but until you get in the mindset, the reflex will be to send a text or make a call.